The widely anticipated approval of over a dozen spot Bitcoin exchange-traded funds (ETFs) in the United States could be a sell-the-news event that would cause the price of BTC to move in the opposite direction. According to the latest weekly report from market analytics platform CryptoQuant, the prediction is substantiated by market participants sitting on...Read More
In 2023, there was a notable transformation in cryptocurrency investments as crypto venture capital (VC) funding experienced a significant decline of 68%, dropping from the $33.3 billion invested in 2022 to $10.7 billion. Despite this decrease, 2023 remains the third-highest year in total crypto investments, surpassing the figures during the previous bear markets of 2019...Read More
As altcoins surge in various directions, it’s noteworthy that the market has not undergone a 25% drawdown in the past 12 months for 234 consecutive days, marking the lengthiest streak since 2011. Even as altcoins continued to fly across the board, Bitcoin has emerged as a winner and one of the top-performing crypto assets so...Read More
On Dec. 25, BitMEX Research published a complete list of cryptocurrency-related exchange-traded products (ETPs) It reported that there were 150 crypto-related ETPs across the world with $50.3 billion in assets under management. The firm noted that it could be useful in “determining the extent to which the spot Bitcoin ETF cannibalizes existing ETPs or attracts...Read More
A blockchain developer, Murat Çeliktepe, has shared a distressing incident recounting a holiday experience that resulted in the loss of $500 from his MetaMask Wallet to an individual posing as a ‘recruiter.’ Notably, Çeliktepe was initially contacted on LinkedIn under the pretense of a genuine web development job opportunity. Developer Falls Prey to Coding Job...Read More
The amendments for spot Bitcoin ETF applications continue, with BlackRock naming Jane Street Capital and JPMorgan Securities as the authorized participants for its own exchange-traded fund, should it receive the green light from the US SEC. What’s particularly interesting is the involvement of JPM, whose CEO just recently urged the US government to close down...Read More
The infamous crypto-hacking group Pink Drainer has been implicated in a highly sophisticated phishing scam that led to a loss of $4.4 million worth of Chainlink (LINK) tokens. This recent cyber heist targeted a single victim who fell prey to a deceptive tactic that led to the signing of a transaction linked to the ‘Increase...Read More
Catalyx, a crypto trading platform based in Canada, suffered a security breach that resulted in the loss of customer funds in its custody. While the exact value of the loss is not mentioned, the platform has halted crypto and fiat withdrawals amid ongoing investigations. Catalyx Suspends Trading and Withdrawals CatalX CTS, the operator of Catalyx,...Read More
Earlier this year, the SEC’s crusade against cryptocurrencies seemed to be coming to a head after Judge Analisa Torres sided mostly in favor of Ripple, who ruled that XRP is, broadly speaking, not a security and that its purchase could only be considered an investment contract in certain circumstances. The two parties, however, are still...Read More
Uniswap’s native token – UNI – has demonstrated a noteworthy surge of 28% over the past week alongside the rest of the crypto market. It is currently trading above $7.71 with a market capitalization of $4.61 billion. The latest data indicated that UNI may be poised for more growth. Industry expert Ali Martinez said that...Read More
Bitcoin miners are experiencing significant gains, thanks to a surge in transaction fees that have reached their highest levels since April 2021, primarily driven by the increasing demand for Ordinals inscriptions. The positive momentum in the market throughout this year has served as a valuable recovery for miners, compensating for the challenges faced in the...Read More
FTX, the now-bankrupt cryptocurrency exchange, has come under fire following its recent court filing on December 27. The document reveals a contentious repayment plan that has sparked a significant backlash from the crypto community and FTX customers. FTX’s Controversial Estimation Motion On December 27, the bankrupt former behemoth disclosed a repayment plan, assigning a lower-than-market...Read More
While cryptocurrencies are known to be volatile, understanding the behavior and distribution patterns of Bitcoin holders over a two or three-year period is crucial for predicting market trends and potential returns. CryptoQuant’s latest analysis found that investors who hold BTCs for 2-3 years often reap the most significant returns over a 4-year cycle. Profits and...Read More
The Avalanche Foundation, a nonprofit overseeing the development of the Avalanche Network, has revealed plans to venture into the meme coin market. This move involves allocating a significant portion of its $100 million NFT incubator fund to purchase meme coins based on the Avalanche blockchain. Embracing the Meme Coin Culture According to a December 29...Read More
Centralized crypto exchanges just witnessed a major single-day outflow of bitcoins (BTC), the largest seen in more than a year. According to data from blockchain intelligence platform Glassnode, over 28,000 BTC worth around $1.19 billion left centralized trading platforms on December 27. The Largest Single-Day Inflow in a Year The number of bitcoins that exited...Read More
The Dec. 28 blog post reiterated the core values of Ethereum, harking back to its early days when it was more “cypherpunk.” The early vision of Bitcoin and Ethereum was deeply idealistic, aiming to build a more open, decentralized, and censorship-resistant internet and economy. However, Buterin lamented that over time, this vision faded as transaction...Read More
Hong Kong-based cryptocurrency exchange Bitzlato has halted withdrawals in preparation for upcoming court proceedings related to the confiscation of its user assets in France. According to a message sent to users via Telegram, the withdrawal and technical support suspension will be temporary as the team is optimistic about the court case. Bitzlato Temporarily Suspends Withdrawals...Read More
Manta Network’s Ethereum Layer 2 blockchain Manta Pacific has seen its total value locked (TVL) skyrocket to nearly $370 million within two weeks. The project’s surge in TVL could be attributed to an airdrop event scheduled to happen in January 2024. Manta Pacific Becomes 7th Biggest L2 on Ethereum Manta Pacific recently introduced an airdrop...Read More
After temporarily scaling back in India, Worldcoin has launched its services in Singapore. According to the latest announcement, individuals in Singapore will be able to verify their “unique humanness” at an Orb. The move follows the release of World ID 2.0 and the open-sourcing of the Worldcoin iris recognition pipeline in mid-December. Worldcoin’s Worldwide Expansion...Read More
According to on-chain firm Arkham Intelligence, a wallet linked to former U.S. President Donald Trump has moved over $2.4 million worth of ether (ETH) to the crypto exchange Coinbase in the past few weeks. Arkham Intelligence had initially identified digital assets believed to belong to Trump in August, basing its findings on financial disclosures filed...Read More
ARK Invest – the institutional asset management firm led by Cathie Wood – made a significant move by liquidating all of its remaining holdings in the Grayscale Bitcoin Trust (GBTC), totaling $200 million. In the previous month, GBTC stood as the largest holding in ARK’s Next Generation Internet ETF. However, the asset management firm has...Read More
Vitalik Buterin, the co-founder of Ethereum, has proposed measures to reduce the load on the Ethereum blockchain and simplify its proof-of-stake (PoS) consensus. The proposal aims to decrease the number of signatures validators must make to maintain the network’s operation, ultimately reducing the overall load on the Ethereum blockchain. Ethereum Co-Founder Proposes Adjustments Ethereum’s attempt...Read More
Coinbase insiders seem to be disposing of COIN shares this December, with the co-founder Fred Ehrsam III appearing to be the most active seller, according to data from Insider Alerts. Several executives and top shareholders at the exchange have recently been selling company shares, with some following the trend set by Cathie Wood’s asset management...Read More
The Ripple Labs token for fast cross-border settlement among financial institutions is a top 10 cryptocurrency by market capitalization. It was a top-five crypto until DeFi network Solana’s tokens (SOL) flipped XRP to this month. But Ripple may be showing signs of life again. Bullish Ripple Technical Indicator The XRP price chart shows markets tracing...Read More
Bitcoin SV (BSV) – a contentious fork of Bitcoin – has experienced a surge of more than 60% within the last 24 hours, propelling its price to $93.8, a level not observed since April 2022. Although the price has subsequently stabilized around $88, this recent increase has pushed its monthly gains to 82%, leading to...Read More
Total crypto market capitalization has increased 4% over the past 24 hours to reach a 2023 high of $1.79 trillion on CoinGecko during Thursday morning Asian trading. The big move has pushed markets to their highest levels since early May 2022, almost 20 months ago. However, unlike in recent weeks, it is not Bitcoin driving...Read More
South Korea has taken a significant step towards increasing transparency and integrity within its public sector. Starting next year, high-ranking public officials will be required to disclose their cryptocurrency holdings under a new legislation announced by the country’s Ministry of Personnel Management. New Bill to Advance Transparency in the Public Sector Under the new legislation,...Read More
China’s Supreme Procuratorate has dealt a significant blow against illegal cryptocurrency operations by sentencing Zhao Dong, the founder of RenrenBit and a minor shareholder of Bitfinex, to a seven-year prison term. The prominent crypto figure faced charges for running illegal business operations and engaging in unauthorized foreign exchange trading. This move underscores China’s continued crackdown...Read More
Tether, the company behind the popular stablecoin USDT, announced a significant milestone in its growth, with its market value reaching $91 billion. It was also revealed that over 2023, the firm has added approximately $4 billion in excess reserves to its stablecoin’s consolidated reserves, showcasing its commitment to stability and resilience in the volatile digital...Read More
XRP tokens, the native cryptocurrency for the cross-border Ripple Labs network, have traded sideways in a narrow band with support around $0.62 since mid-November. At the same time, SOL used the opportunity, surged by an impressive percentage, and surpassed XRP in terms of market cap ranking. Ripple’s Turn Next After Solana? But the XRP price...Read More
